Decision 1809/QD-NHNN 2022 re-discount interest rate, overnight lending interest rate in inter-bank electronic payment

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ATTRIBUTE

Decision No. 1809/QD-NHNN dated October 24, 2022 of the State Bank of Vietnam on the refinancing interest rate, re-discount interest rate, overnight lending interest rate in inter-bank electronic payment and lending to offset the capital shortage in the clearing of the State Bank of Vietnam for credit institutions, foreign bank branches
Issuing body: State Bank of VietnamEffective date:
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Official number:1809/QD-NHNNSigner:Pham Thanh Ha
Type:DecisionExpiry date:Updating
Issuing date:24/10/2022Effect status:
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Fields:Finance - Banking

SUMMARY

Increase the refinancing interest rate and the re-discount interest rate

The Decision No. 1809/QD-NHNN on the refinancing interest rate, re-discount interest rate, overnight lending interest rate in inter-bank electronic payment and lending to offset the capital shortage in the clearing of the State Bank of Vietnam for credit institutions, foreign bank branches is promulgated by the State Bank of Vietnam on October 24, 2022.

Accordingly, the State Bank of Vietnam increases the refinancing interest rate from 5.0% per annum to 6.0% per annum; the re-discount interest rate from 3.5% per annum to 4.5% per annum.

Besides, the overnight lending interest rate in inter-bank electronic payment and lending to offset the capital shortage in the clearing of the State Bank of Vietnam for credit institutions, foreign bank branches shall be 7.0% per annum.

The Decision takes effect on October 25, 2022.

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Effect status: Known

THE STATE BANK OF VIETNAM

________

No. 1809/QD-NHNN

 

THE SOCIALIST REPUBLIC OF VIETNAM

Independence - Freedom - Happiness

________________________

Hanoi, October 24, 2022

 

DECISION
On the refinancing interest rate, re-discount interest rate, overnight lending interest rate in inter-bank electronic payment and lending to offset the capital shortage in the clearing of the State Bank of Vietnam for credit institutions, foreign bank branches

________

THE GOVERNOR OF THE STATE BANK OF VIETNAM

 

Pursuant to the Law No. 46/2010/QH12 on the State Bank of Vietnam dated June 16, 2010;

Pursuant to the Government’s Decree No. 16/2017/ND-CP dated February 17, 2017, defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;

At the proposal of the Director of the Monetary Policy Department.

 

DECIDES:

 

Article 1. To prescribe the interest rates of the State Bank of Vietnam as follows:

1. The refinancing interest rate: 6.0 per annum.

2. The re-discount interest rate: 4.5% per annum.

3. The overnight lending interest rate in inter-bank electronic payment and lending to offset the capital shortage in the clearing of the State Bank of Vietnam for credit institutions, foreign bank branches: 7.0% per annum.

Article 2. The Decision takes effect on October 25, 2022 and replaces the Decision No. 1606/QD-NHNN dated September 22, 2022 of the Governor of the State Bank of Vietnam on the refinancing interest rate, re-discount interest rate, overnight lending interest rate in inter-bank electronic payment and lending to offset the capital shortage in the clearing of the State Bank of Vietnam for credit institutions, foreign bank branches.

Article 3. Chief of Office, Director of the Monetary Policy Department and heads of units of the State Bank of Vietnam, credit institutions, foreign bank branches shall be responsible for the implementation of this Decision./.

 

 

FOR THE GOVERNOR

THE DEPUTY GOVERNOR

 

 

Pham Thanh Ha

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